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A market slump on Friday led to a $134 billion loss for the world's 500 richest individuals, with Amazon and its founder Jeff Bezos taking significant hits. Amazon's shares fell nearly 9% due to lower-than-expected net sales and a disappointing outlook. Other tech billionaires, including Elon Musk, Larry Ellison, Mark Zuckerberg, Sergey Brin, and Larry Page, also saw substantial losses.

Portfolio Pulse from Anan Ashraf

August 03, 2024 | 9:01 am

TSLA

Tesla's use of dry cathode 4680 cells in the Cybertruck is seen as a major breakthrough by CEO Elon Musk and investor Sawyer Merritt. This technology could reduce costs by 15%-30% and result in higher-density batteries if scaled successfully. Tesla aims to start production of Cybertrucks with these cells in Q4, potentially achieving profitability by year-end.

Portfolio Pulse from Anan Ashraf

August 03, 2024 | 5:24 am

ITGR

Integer Holdings (NYSE:ITGR) has been analyzed by 5 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $131.2, with a high of $137.00 and a low of $124.00. Recent analyst actions include maintaining, raising, and announcing ratings, reflecting their response to market dynamics and company performance. Integer Holdings is a manufacturer of medical device components and batteries, with strong financial health indicators such as a net margin of 7.16% and a debt-to-equity ratio of 0.78.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 9:00 pm

AMC

AMC Entertainment reported Q2 earnings with EPS and revenue meeting expectations. Despite a 23.5% YoY sales decline, the company achieved record EBITDA in June. CEO Adam Aron highlighted a strong future film slate and extended debt maturities, providing financial stability. AMC shares rose 3.2% in after-hours trading.

Portfolio Pulse from Henry Khederian

August 02, 2024 | 8:36 pm

Recent options trading trends for Home Depot (NYSE:HD) show a mixed sentiment among investors, with a slight bearish tilt. Out of 14 trades, 42% were bearish and 35% were bullish. The trades include both puts and calls, with significant volumes and open interest in a price range of $200 to $410. Analysts have mixed ratings, with a consensus target price of $388.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 8:21 pm

AAPL

AMZN

ASML

INTC

NVDA

SPY

The S&P 500 Index, tracked by SPDR S&P 500 ETF Trust (SPY), fell for the third consecutive week amid Middle East turmoil and weak economic data. Fed Chair Jerome Powell hinted at a potential rate cut in September, but investor sentiment remained low. Chip stocks like Intel (INTC), NVIDIA (NVDA), and ASML (ASML) saw sharp declines, while Amazon (AMZN) dipped on mixed quarterly results. JPMorgan remains optimistic about Apple's (AAPL) AI-driven growth.

Portfolio Pulse from Piero Cingari

August 02, 2024 | 8:19 pm

AMC

AMC shares are trading higher following in-line Q2 earnings. The company achieved its highest adjusted EBITDA in June 2024.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 8:18 pm

AMC

AMC announced that in June 2024, it achieved its highest-ever June Adjusted EBITDA in the company's 104-year history.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 8:17 pm

AMC

AMC Entertainment Holdings (NYSE:AMC) reported Q2 adjusted EPS of $(0.43) and sales of $1.03 billion, both in line with analyst estimates. However, sales decreased by 23.54% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 8:16 pm

ULCC

Frontier Group Holdings will host a webcast for their Q2 2024 financial results on August 8, 2024, at 12:00pm ET.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 8:10 pm